Confirmed: Charter to File For Bankruptcy

Charter, everyone’s favorite St. Louis cable monopoly, has filed for bankruptcy.  From STLToday.com:

Cable operator Charter Communications Inc. says it will file Chapter 11 bankruptcy reorganization documents by April 1.

As part of an agreement with debt holders, they will be paid in full and Paul Allen will maintain the largest voting interest in the company.

In a stark contrast to Monopoly rules, Charter will continue its “service” after filing for and throughout the bankruptcy process.

When asked if the quality of their service would take a hit because of the bankruptcy, Charter abruptly replied “No.  Seriously, how can we get any worse?”  …or at least thats how it went in my head.